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Nigeria Imported 19bn Litres Of Petroleum Products In 2019–PPPRA

by People & Power
January 9, 2020
Business & Economy
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that Nigeria imported more than 19 billion litres of premium motor spirit (PMS), also known as petrol, in 2019.

PPPRA Executive Secretary, Abdulkadir Saidu, said in a report on Wednesday that the total quantity of PMS supplied across the nation as at November 2019 was 18,623,992,092 litres.

A breakdown of marketers’ performance shows that the Nigerian National Petroleum Corporation (NNPC) was responsible for 99.61 per cent of the total 19,175,737,226 litres of petrol that was imported.

Saidu also  said that 1,612 vessels laden with different petroleum products docked in Nigerian waters in 2019

Major Oil Marketers of Nigeria (MOMAN) imported 0.39 per cent in 2019., while 166,332,185 litres of PMS was produced locally, in the same year.

“Other petroleum products imported into the country were 4,586,878,439 litres of AGO, 128,110,313 litres of HHK, 951,769 084 litres of ATK, 306,791,987 litres of Base Oil, 125,561,557 litres of Bitumen and 45,980,957 litres of LFPO,” it said.

Saidu said the agency will continue to ensure transparency in the oil and gas value chain by making reliable data available to strategic government agencies.

“The agency will also continue to collaborate with the NNPC and other Oil Marketing Companies towards improving the regulatory environment, as well as ensuring uninterrupted product availability,” he said.